NCDEX Tips and Live Price For Today: 3rd March '12

NCDEX JEERA (MAR)

Jeera prices ended down due to arrival pressures in spot markets and expectation of higher output in the current season. Jeera arrivals in Unjha were around 14000 bags. Of the total arrivals, 1000 bags were from the old crop, and the remainder from the new crop. Prices of the new and old crop remained steady at Rs.14000 per 100 kg, and Rs.14200, respectively. It is trading in a Consolidate pattern with having a resistance of 14260 and a support level of 13490. We suggest you to Sell Jeera on higher Levels.

NCDEX CHANA (MAR)

Chana futures ended lower as traders booked profit from the recent price increase and a rise in supplies from the new season crop. Arrivals from Madhya Pradesh and Rajasthan are likely to rise in the next few days, which could further depress the prices. In the Delhi spot market, chana fell 88 rupees to 3,650 rupees per 100 kg. It is trading in a Bullish pattern with having a resistance of 3790 and a support level of 3580. We suggest you to Buy Chana on lower Levels.

NCDEX PEPPER (MAR)

Pepper futures fell as profit sales emerged after the prices hit a contract high in the previous session though slack domestic supplies on a likely fall in output restricted the decline. Industry officials are estimating 43,000-45,000 tonnes of domestic pepper output for 2012, compared with 49,000 tonnes last year. In Kochi, a key spot market, pepper was 337 rupees down at 37,922 rupees per 100 kg. It is trading in a Consolidate pattern with having a resistance of 38600 and a support level of 36200. We suggest you to Buy Pepper on lower Levels.